US Unveils Fresh Sanctions to 'Sever Every Economic Lifeline' Sustaining Iran
Treasury Secretary Scott Bessent said the measures target digital assets, shipping and other sectors, while roughly $1 billion in Iranian cryptocurrency has been seized.
- On Monday, the U.S. Treasury Department announced "Operation Economic Outcast," a secondary sanctions strategy targeting countries doing business with Iran to exact "economic asphyxiation" on Tehran.
- Since 2025, the U.S. has imposed Iran-related sanctions on more than 1,000 entities, Treasury Secretary Scott Bessent noted, aiming to cut off funding for business enterprises controlled by the Islamic Revolutionary Guard Corps.
- Targeting critical industries including gold, aviation, and shipping, the strategy—labeled an "Economic D-Day"—is blacklisting nearly 60 people, businesses, and vessels involved in illicit trade with Iran.
- Bessent described the announcement as a "warning shot" to nations, stating that Iran "now faces a very clear choice, with only two paths before them: complete global isolation and a subsistence economy, or a path back to normalcy."
- Officials will follow up with visits from the State Department and Treasury Department to detail expectations and timelines, with Bessent warning that "ramifications" will follow "very quickly" if entities do not comply.
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The sanctions will point to "five of the vital roads that Iran exploits in other countries: digital assets, technology, gold, aviation and maritime transport." More information: Iran extends its threats beyond the US: declares "enemy" to any country that joins Trump's economic war
Scott Bessent says the "sectorial sanctions" against Iran will target five tracks: digital assets, technology, gold, aviation and maritime transport."
The United States will impose a new set of sanctions on Iran, which will be directed against the sectors considered "vitals" for Tehran, including gold, digital assets and maritime transport, said US Treasury Secretary Scott Bessen on Monday. "The clock has just begun to tick: Bessen sends a strong warning to financial institutions around the world, stating that any firm supporting Iran's illegal financial networks will face immediate exclusion …
"Launching an economic onslaught against Iran": US Treasury Secy Bessent announces "Operation Economic Outcast"
While addressing a press conference, Bessent said, "The US Department of the Treasury has launched Operation Economic Outcast, an unprecedented campaign against the Islamic Republic of Iran and its neighbours."
Trump has claimed that Iran is facing collapse. Now the US is taking strong action – against Iran’s economy. – Our goal is to cut off every economic lifeline, says Treasury Secretary Scott Bessent at a press conference.
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